American - Businesswoman | June 13, 1969 -
Entrepreneurship works on the apprenticeship model. The best way to learn how to be an entrepreneur is to start a company and seek the advice of a successful entrepreneur in the area in which you are interested. Or work at a startup for a few years to learn the ropes.
Caterina Fake
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I joined the board of Etsy when it was just three founders, and I helped recruit the COO and CTO, Chad Dickerson, who later became the CEO.
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When you have a failed pitch, you meet many more venture capitalists than you really want to.
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Do not seek prizes that aren't worth getting.
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If the business were a play, Act One is, 'Woohoo, bright and bushy-tailed. We're going to make something great!' Act Two is, 'We're six months behind on back-end development.'
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If you look at all the companies I've been involved with - Flickr, Etsy, Findery - communities are a significant part of them. Connecting people to each other, user-generated content, building interactions. That's what I've cared about most.
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I work really hard. My daughter asks me what I do, and it's mostly calls, emails, and meetings. We have our office in Hayes Valley, a nice part of town, because we're all about place being important.
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I go to bed early - around 9 P.M. or 10 P.M. - and wake up between 2 A.M. and 5 A.M. and get an extra three hours of work done. Then I have a regular work day. It's very effective.
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A co-founder is like being somebody's parent: You want to make sure your offspring thrive.
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I stay up on current events. I read 'The New Yorker' and 'The Economist.' I go to community meetings to see what concerns the people in my neighborhood. I studied literature in college, so I also continue to read poetry, literature, and novels.
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I approached Yahoo as a learning experience. Everything at every stage of the game affects what you do next. At Yahoo, I learned a lot about social search and met a lot of amazing people - some are now entrepreneurs with companies I subsequently invested in.
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The single thing I've found it valuable to memorize is poetry.
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